Opinion: Yes, absolutely – Canada needs more oil and gas pipelines to our coasts

An opinion piece argues that Canada, as a major global oil and natural gas producer, needs more pipelines to its coasts to increase exports to global markets. This expansion is deemed politically and strategically vital for Canada to gain influence, autonomy, and significant economic benefits, including higher prices for Canadian producers and increased tax revenue. The Trans Mountain Expansion is cited as a successful example, but more capacity is needed to sustain the pricing advantage and unlock further value.

1. 1 Last year - Federal government completed the Trans Mountain Expansion
2. 2 Earlier this year - U.S. President Donald Trump threatened a 25-per-cent tariff on Canadian oil
3. 3 Eve of Canada Day - Canada celebrated its first LNG shipment from the West Coast
4. 4 July Stampede visit - Prime Minister Mark Carney visited Alberta and said a new oil pipeline to B.C.’s coast will likely be declared a national priority

• Increased export capacity for Canadian oil and gas
• Strengthened negotiating position with U.S. buyers
• Higher prices for Canadian producers (e.g., $4 to $7 a barrel for oil)
• Estimated $7-billion to $12-billion in annual revenue for Canadian producers
• More tax revenue and provincial royalties for Canadians nationwide
• Increased Canada's relevance, influence, autonomy, and trade relationships
• Potential for Canadian natural gas to sell at higher prices (e.g., $1 per gigajoule higher, gaining $7-billion a year)
• Additional growth in gas and liquids production